Wow...when it rains, it pours! After writing 4 offers in 2 days, I finally feel like I've rounded the corner and I'm headed back to success. The market has definitely picked up again after a slower early October in the Raleigh, Durham housing market.
I've realized working your database is more important than ever before. I've reached out to past clients, investors, new leads and just mentioned real estate in public conversations and it's paid off. I'm even working on selling a home to a new buyer I met while he helped me change a flat tire! I'll be giving him a nice closing gift for sure.
Take the time to set up a client database if you don't have one. I'm amazed how many Realtors don't keep track of who they worked with, spoken to or received calls from. If they raise there hand...answer their questions! A buyer might not be ready now, but long term follow up will pay off. PIPELINE BABY!
Good luck today and I wish everyone a successful week.
Well, it's finally back the oh so yummy state fair. Now I'm a good eater overall with nutritious meals and what not but once I year I have to let loose! The NC STATE Fair is in Raleigh, NC until Oct. 26, 2008...why not join us!
Here's my TOP FIVE List of favorite foods.
1. Handmade Pretzel's- gotta get the one back past the pig races...ya'll know where those are!
2. Roasted Corn with garlic butter...messy but worth it!
3. Fresh squeezed Lemonade to wash the corn and pretzel down, of course
4. Hot Mini Powdered Donuts...I can see them bubbling& flipping over with that cool little fork thingy now!
5. This one has changed...It was Chicken on a Stick but they don't come anymore! Ahh...I guess I'll take a Turkey Leg for the car ride home...I need to balance all the carbs out with some protein!
Come on Down to Raleigh and visit the fair this week!
So, I've been around the investment block a time or two but recently I'm stumbling over some different kind of folks...or should we say, wanna be real estate agents.
I know the market is tough and homes are dropping in value in many areas, but the Raleigh/Durham market is still plowing ahead. This ,of course, brings investors from out of state to purchase homes in a stable city. I'm seeing quite a few ads run in miscellaneous spots for "Head Hunters" or "Deal Finders" who dig up property, charge a fee and then match it to an investor who has a criteria on paper. This sounds like a grand idea but...these middle folks aren't licensed and shouldn't be taking fee's in my opinion. Also, don't people know how easily value can be skewed on homes?!
Any one agree with me?
Also, I feel sorry for the investors who are paying more than they should for properties. If you are considering purchasing investment property in an area you do not plan on visiting...INTERVIEW some licensed REALTORS who specialize in investments. Many real estate agents are not savvy in this field but with a few key questions, a savvy investor can figure out if a REALTOR or agent knows their stuff!
Questions like...cap rates, monthly cash flow, investment plans, short or long term holds.
If the person on the end of the line says, HUH? They are not your match!
There is some great buys for rental or short term hold, but you have to have all the facts and someone truly on your side watching out for your financial goals...not just a quick buck!
USDA is still a great choice for many buyers. It's a true 100% program but it does have some restrictions.
If you're looking in rural areas or outskirts of larger cities, it may be a great option for you! Keep in mind not all mortgage sources have access to these programs.
Feel free to give me a call if you'd like some details about homes in the Raleigh/Durham, NC area that qualify.
Saving Home Buyers over $10,000 on average! Sellers, if it sells in 7 days or less it's only $795! Relocating to Raleigh? Free Information for renters and buyers...
Growing up in a real estate family in Rochester, NY built the foundation for a solid mindset in an ever changing industry. Perseverance equals increased sales production and satisfied clients!
Erica has been a top producing Realtor for the past 9 years in the Raleigh/Durham, NC area with over 340 transactions closed to date. Erica's focus with clients has been on education of the market rather than an emotional purchase or sale. She specializes in foreclosures, distressed homes with equity and future appreciation based on trends, previous sales and proposed development plans. A savvy Realtor can maximize any home buyer or investors plans to obtain multiple properties or just a great home that makes smart financial sense.
Erica has worked with Re/Max, Keller Williams, owned McClenny Properties and now is partnered with a small virtual company, eRealty Inc. Out of the box thinking is absolutely necessary for future success in the real estate market today. Knowledge of mortgages, changing government regulations and proposals, web based networking/marketing and property management are all key to investing.
Erica has sold homes ranging from $25,000- $900,000. A diverse sales background of town homes, single family, new construction and small multi-family buildings covers all aspects of residential real estate experience.
My team at eRealty looks forward to assisting you with finding your next deal!
We go to work for you...after all, it's your financial future at stake!
"Thank you for taking time to educate us about the process without being pushy. The knowledge you gave us helped us find our dream home! Top Notch Service!" M. Anderson
"Erica, I can never repay your kindness in helping me repair my credit, finding me a great loan and wonderful home. Bless you!" F. Spence
"Your knowledge of construction was priceless. The extra efforts did not go unnoticed. It's nice to know you were on my side and did not let the builder take advantage of us." C. Howell
"Erica's knowledge of investments and flipping homes made me money, even in a slowing market! I'll be back for more flips..." Paul and Elaine Crowell
"Thank you for answering all my crazy questions and panicked emails during the sale of our home. It was stressful enough moving out of state but you always reassured us it would all work out. It did and we sold our home for more than we thought! You are awesome!" K and J Roberts
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